By Wendy Van Sickle
Columbus, Ohio, June 9 – Morgan Stanley Finance LLC priced $7.02 million of 0% digital notes due July 12, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final level of the index is equal to or greater than 85% of the initial level, the payout at maturity will be par plus 11%.
Otherwise, investors will lose 1.1765% for every 1% index decline beyond 15%.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $7.02 million
|
| Maturity: | July 12, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than 85% of the initial level, par plus 11%; otherwise, 1.1765% loss for every 1% index decline beyond 15%
|
| Initial index level: | 4,192.85
|
| Threshold level: | 3,563.9225, 85% of initial level
|
| Pricing date: | June 3
|
| Settlement date: | June 10
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61771V3D0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
